M&A Deal Summary

Arkema Acquires Dow Chemical - Acrylates & Latex Assets

On August 3, 2009, Arkema acquired chemicals company Dow Chemical - Acrylates & Latex Assets from Dow

Acquisition Highlights
  • This is Arkema’s 2nd transaction in the Chemicals sector.
  • This is Arkema’s 2nd transaction in the United States.
  • This is Arkema’s 1st transaction in Michigan.

M&A Deal Summary

Date 2009-08-03
Target Dow Chemical - Acrylates & Latex Assets
Sector Chemicals
Buyer(s) Arkema
Sellers(s) Dow
Deal Type Divestiture

Target

Dow Chemical - Acrylates & Latex Assets

Midland, Michigan, United States
Dow Chemical - Acrylates & Latex Assets engages in production of copolymer of acrylic acid ester and acrylonitrile.

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Buyer(S) 1

Buyer

Arkema

Colombes, France

Category Company
Founded 2003
Sector Chemicals
Employees21,100
Revenue 9.5B EUR (2023)
DESCRIPTION

Arkema is a chemical producer company. Arkema organized its activities into 3 complementary business segments: High Performance Materials: Technical polymers (Specialty polyamides and Fluoropolymers), Filtration and Adsorption (CECA), Organic Peroxydes, Specialty Adhesives (Bostik). Industrial Specialties: Thiochemicals, Fluorochemicals, PMMA (Altuglas International), Hydrogen Peroxides. Coating Solutions: Acrylics, Coating resins, Photocure resins (Sartomer) Rheology Additives (Coatex). Arkema was founded in 2003 and is based in Colombes, France.


DEAL STATS #
Overall 3 of 24
Sector (Chemicals) 2 of 18
Type (Divestiture) 2 of 5
State (Michigan) 1 of 1
Country (United States) 2 of 11
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-06 Oxford Performance Materials

South Windsor, Connecticut, United States

Oxford Performance Materials, Inc. is an industry leader in the ultra-high performance thermoplastic polymers market. The firm's versatile OXPEKK® polymers are currently used in demanding applications ranging from long term human medical implant devices, to critical components of the semiconductor manufacturing process and fuel cell components for the Space Shuttle. OXPEKK® delivers ultra high purity, high temperature resistance, excellent chemical resistance, biocompatibility and mechanical properties comparable to metals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Suzhou HiPro Polymers

Zhangjiagang, China

Suzhou HiPro Polymers Co. Ltd. is a production and marketing of bio-renewable high performance polyamides from natural resource castor oil.

Buy $365M

Seller(S) 1

SELLER

Dow

Midland, Michigan, United States

Category Company
Founded 2018
Sector Chemicals
Employees37,800
Revenue 44.6B USD (2023)
DESCRIPTION
Dow Chemical's corporate headquarters in Midland, Michigan.
Dow Chemical's corporate headquarters in Midland, Michigan.

Dow produces specialty chemicals, advanced materials, agrosciences, and plastics and delivers a range of technology-based products and solutions to customers in sectors that include packaging, electronics, water, coatings, and agriculture. Dow was founded in 2018 and is based in Midland, Michigan.


DEAL STATS #
Overall 4 of 17
Sector (Chemicals) 3 of 13
Type (Divestiture) 4 of 14
State (Michigan) 2 of 5
Country (United States) 4 of 13
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-11 Trymer Foam Business

LaPorte, Texas, United States

Trymer manufactures PIR foam used in pipe and mechanical insulation, panel insulation, and floral and craft among other applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 Trinseo

Wayne, Pennsylvania, United States

Trinseo is a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably focused manner by combining its premier expertise, forward-looking innovations, and best-in-class materials to unlock value for companies and consumers. From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility. Trinseo was founded in 2015 and is based in Wayne, Pennsylvania.

Sell $1.6B